Fortitude Family Office LLC Has $34,000 Stake in Emerson Electric Co. (NYSE:EMR)

Fortitude Family Office LLC lowered its stake in shares of Emerson Electric Co. (NYSE:EMR) by 90.8% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 310 shares of the industrial products company’s stock after selling 3,072 shares during the period. Fortitude Family Office LLC’s holdings in Emerson Electric were worth $34,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the company. Transcendent Capital Group LLC bought a new position in shares of Emerson Electric during the 1st quarter worth approximately $31,000. Meeder Asset Management Inc. lifted its position in shares of Emerson Electric by 361.5% during the 2nd quarter. Meeder Asset Management Inc. now owns 300 shares of the industrial products company’s stock worth $33,000 after buying an additional 235 shares in the last quarter. Morton Brown Family Wealth LLC bought a new position in shares of Emerson Electric during the 3rd quarter worth approximately $33,000. Versant Capital Management Inc lifted its position in shares of Emerson Electric by 471.9% during the 2nd quarter. Versant Capital Management Inc now owns 326 shares of the industrial products company’s stock worth $36,000 after buying an additional 269 shares in the last quarter. Finally, Matrix Trust Co bought a new position in shares of Emerson Electric during the 3rd quarter worth approximately $44,000. Institutional investors own 74.30% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on EMR shares. StockNews.com cut shares of Emerson Electric from a “buy” rating to a “hold” rating in a report on Thursday, July 25th. Royal Bank of Canada lowered their price target on shares of Emerson Electric from $140.00 to $139.00 and set an “outperform” rating on the stock in a report on Thursday, August 8th. Robert W. Baird lifted their price target on shares of Emerson Electric from $116.00 to $117.00 and gave the stock a “neutral” rating in a report on Thursday, August 8th. Barclays lowered their price target on shares of Emerson Electric from $110.00 to $103.00 and set an “equal weight” rating on the stock in a report on Thursday, August 8th. Finally, Oppenheimer lifted their price target on shares of Emerson Electric from $120.00 to $125.00 and gave the stock an “outperform” rating in a report on Thursday, September 26th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $125.47.

Emerson Electric Stock Up 0.1 %

EMR opened at $109.06 on Thursday. The company has a fifty day moving average price of $106.51 and a 200-day moving average price of $108.90. The firm has a market capitalization of $62.39 billion, a P/E ratio of 5.84, a price-to-earnings-growth ratio of 1.68 and a beta of 1.30. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.16 and a quick ratio of 0.86. Emerson Electric Co. has a one year low of $83.10 and a one year high of $119.53.

Emerson Electric (NYSE:EMR) last released its quarterly earnings results on Wednesday, August 7th. The industrial products company reported $1.43 EPS for the quarter, beating analysts’ consensus estimates of $1.42 by $0.01. The firm had revenue of $4.38 billion during the quarter, compared to analyst estimates of $4.44 billion. Emerson Electric had a net margin of 10.12% and a return on equity of 11.41%. The business’s revenue for the quarter was up 11.0% on a year-over-year basis. During the same period in the previous year, the business earned $1.29 EPS. Equities research analysts expect that Emerson Electric Co. will post 5.48 earnings per share for the current fiscal year.

Emerson Electric Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Friday, August 16th were given a dividend of $0.525 per share. The ex-dividend date was Friday, August 16th. This represents a $2.10 dividend on an annualized basis and a dividend yield of 1.93%. Emerson Electric’s dividend payout ratio (DPR) is currently 11.24%.

Emerson Electric Company Profile

Emerson Electric Co, a technology and software company, provides various solutions for customers in industrial, commercial, and consumer markets in the Americas, Asia, the Middle East, Africa, and Europe. It operates in six segments: Final Control, Control Systems & Software, Measurement & Analytical, AspenTech, Discrete Automation, and Safety & Productivity.